Despite cities’ fiscal optimism, there are reasons to worry

Budget

By Liz Farmer | Governing

City finances continue to improve following the Great Recession, but the slow recovery from the downturn has suppressed revenue growth while rising spending pressures are squeezing budgets, according to a new report released Wednesday.

City finance officers are more optimistic than ever before about their fiscal stability — 82 percent say they are better able to meet their needs than they were last year, according to the National League of Cities’ annual fiscal conditions report. It’s the most optimistic response in the 30-year history of the NLC’s survey of more than 19,000 cities, towns and villages.

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